Hartford Business Journal

HBJ120522

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4 HARTFORDBUSINESS.COM | DECEMBER 5, 2022 More than a hand up. We're hands on. Our investment in the Connecticut community goes far beyond charitable giving. The Centreville Bank team believes it makes good sense to give our time as well. The Read to Grow Bookmobile was made possible by a donation from the Centreville Bank Charitable Foundation. Paola Fernandez, senior vice president, community development officer for Centreville Bank spoke about the wonders of reading and the importance of books in a child's life. There will be multiple pop ups across Connecticut as the Bookmobile hits the road. $1,333,134 in contributions to non-profit organizations in 2021 3,000 employee community volunteer hours in 2021 centrevillebank.com/community EQUAL HOUSING LENDER | NMLS#402947 | MEMBER FDIC Centreville-39839 475x675_HBJ_f.indd 1 Centreville-39839 475x675_HBJ_f.indd 1 11/3/22 4:19 PM 11/3/22 4:19 PM The seller was Maryland-based RWN Spe LLC and principal Stan- ford R. Gann. Greenwich-based Ultra Flow Properties LLC was the buyer. Ultra Flow Properties is an affiliate of Ultra Flow Holdings LLC and prin- cipals Christopher Marquart, Steven Salcedo and Kevin Ellis. The company makes beverage dispensing parts and equipment. Ultra Flow currently rents space in Windsor, but will relocate to the East Windsor building to have more space for the growing business, company officials said. The listing broker is David P. Murdock of Hartford-based Sentry Commercial. CT Dept. of Transportation to get new leader The administration of Gov. Ned Lamont chose a railroad station to say goodbye to Joseph J. Giulietti, the railroad lifer lured out of retirement four years ago to run the Department of Transportation, and ratify his choice of a successor, Garrett Eucalitto. Giulietti, the former president of the Metro North commuter rail system, will step down as commissioner in December, and Lamont intends to nominate his well-regarded deputy, Eucalitto, to run ConnDOT at a crucial juncture for the rebuilding of high- ways and mass transit in America. Federal transportation funding is at an all-time high, available to Connecticut under formula and competitive grants. Virtually all of the state's rail improvement priorities were included in the $24 billion in funding approved for the Northeast rail corridor. Eucalitto, 41, who grew up in Torrington and lives in New Haven, is a departure as commissioner, neither a highway engineer nor transit executive. He is a self-described policy nerd, schooled in complexities of how to best finance massive infrastructure projects as well as how to assess their impact on what it means to commute and live in Connecticut. Mark Pazniokas | CT Mirror Cooper-Atkins' Middlefield manufacturing facility to close; 68 layoffs planned St. Louis-based industrial manu- facturer Emerson Commercial & Residential Solutions informed the Connecticut Department of Labor that it will be shutting down its Cooper-At- kins manufacturing and distribution facility in Middlefield leading to 68 layoffs. In a one-page letter to the state Department of Labor, Emerson HR Manager Sarah Minzes wrote that all of the employees were informed verbally of the decision and will be receiving written notices as to when their jobs will be eliminated. Minzes wrote that "a few selected employees" will be retained as remote workers. Cooper-Atkins, which makes temperature measurement tools, still lists 33 Reeds Gap Road in Middle- field as its headquarters. Emerson, a publicly traded company, purchased Cooper-Atkins in 2016. At the time of the deal, Cooper-Atkins had 150 employees in Middlefield, the compa- nies announced. Emerson has been divesting some of its businesses lately to streamline its operations and expand its tech- nology and automation services, according to the Wall Street Journal. In October, the company, which reported $19.6 billion in revenue in fiscal year 2022, announced it was selling a majority stake in its climate-technologies business to private equity giant Blackstone Inc., in a deal valued at $14 billion. Emerson said the Middlefield facility closure is being driven by cost-cutting efforts to maintain the company's "competitiveness." The layoffs will take place in three waves in February and March 2023. BIZ BRIEFS 9 Thompson Road, East Windsor. PHOTO | COSTAR Cooper-Atkins' headquarters and manufacturing site at 33 Reeds Gap Road in Middlefield. PHOTO | COSTAR Garrett Eucalitto Purchase a group subscription for your team or entire organization. Get access to HBJ for your entire team! EMAIL>> CIRCULATION@HARTFORDBUSINESS.COM FOR MORE INFORMATION

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